World News

PepsiCo cuts forecast, deepens cost cuts as North America recovery lags

PepsiCo cuts its 2026 core earnings forecast and plans deeper cost reductions as weak North American demand and margin pressure delay its turnaround.

Canadian poet Anne Carson wins 2026 Nobel Prize for literature

The prize was announced by the Swedish Academy in Stockholm

Skydance CEO warns staff of 'difficult decisions' after Paramount-WBD deal

Speaking after the $110 billion deal closed, David Ellison said Skydance would invest in storytelling and technology while acknowledging the changes required to integrate the two companies

Ukraine grapples with shortage of troops at front after over 4 years of war

Long-standing mobilisation problems, draft dodging and desertion have left some Ukrainian units at half strength, limiting Kyiv's ability to exploit advances in drone warfare or mount new offensives

Hedgehog, Puffin to replace Churchill, historical figures on UK banknotes

The Bank of England selected four native species for future banknotes after a public consultation, despite criticism from right-wing politicians who called the move "woke"

TikTok accused by New York AG of secretly testing safety features on teens

New York Attorney General Letitia James added allegations to a child safety lawsuit, claiming TikTok withheld a safety feature from 10% of US users in a 2021 test involving about 15 million people

Iran's shadow fleet: How sanctioned oil is moving through Malaysia's waters

Companies continue to service a "dark fleet" of Iranian tankers in waters off Malaysia in spite of Washington's threat to target them

Death in Siberia lab sparks plague fears, but Russia says no epidemic risk

Death of 28-year-old Darya Shipilova at a Siberian anti-plague research facility has raised concerns over possible exposure to Yersinia pestis, though officials have not linked her death to bacterium

Ebola outbreak in Congo spreads to new hotspots, health workers warn

More than 70 per cent of new cases are outside known contacts, and 60 per cent of deaths occur outside treatment centres, raising concerns over gaps in the response

Trump's retreat: US forces pull back from Gulf, Britain amid Iran war

A war that was intended to demonstrate the reach of American power has now done the opposite. It is a lesson in unintended consequences

US to invest over $100 million on STEM programmes amid AI race with China

The initiative will fund fellowships for US citizens pursuing PhDs in science and engineering, while the NSF's Young Scholars programme will return with $30 million in government funding

US prepares military for possible new Iran strikes, Trump yet to decide

The Pentagon has instructed US Central Command to prepare for possible renewed strikes on Iran, with potential targets including energy, infrastructure and nuclear facilities

Trump says Iran war will end 'very quickly', oil prices will tumble

Trump said the US had taken away Iran's nuclear power and predicted a swift end to the war, while Tehran rejected his claims over the Iranian oil minister's resignation

3 killed as Houthi attacks hit Saudi airports in Abha, Riyadh: Officials

Three people were killed and 36 injured in attacks on airports in Abha and Riyadh, as Saudi Arabia faces growing threats to its oil and military assets amid the Iran war

Trump makes fresh Nobel Peace Prize pitch, says he has 'settled eight wars'

Trump said his peacemaking efforts were continuing and indicated he was working to settle another war, as the Nobel Peace Prize is set to be announced on Friday

US rejects Iran's claim that Hormuz is closed, says crude moving through

US CENTCOM said that commercial and energy traffic, including 20 million barrels of crude oil, continues to move through the Strait of Hormuz as Iran warns some transit routes could be closed

Jaguar unveils $172,000 electric car as British brand begins major reboot

Orders for Type 01 will open in early 2027, more than two yrs after Jaguar stopped selling new cars in the UK as part of a decision to overhaul the marque with new branding and limit it to luxury EVs

Iran-backed Houthis claim new attacks on Saudi Arabia, Yemen's Aden airport

Houthi attacks threaten Saudi infrastructure and raise risks for shipping near the Bab el-Mandeb Strait

World faces risk cocktail from AI, oil and debt: IMF's Kristalina Georgieva

The rush to develop artificial intelligence is delivering a growth spurt that's so far confined to a handful of countries, Managing Director Kristalina Georgieva said

PM Modi calls for rules-based maritime order amid rising Hormuz tensions

Modi stresses shared prosperity and responsibility at Sagarmanthan, as the shipping ministry announces an industry coalition for the India-EU Green Shipping Corridor